IMPACT: Cannabis Retailers Optimistic About Growth Prospects in Northumberland

Article by Dominik Wisniewski, Northumberland News

NEWS IMPACT: Cannabis retailers optimistic about growth prospects in Northumberland Four companies vying for market share in Cobourg, new store coming to Port Hope Dominik Wisniewski Northumberland News Tuesday, January 26, 2021 While other businesses are struggling during the ongoing COVID-19 pandemic, cannabis retail stores have been seeing increasing sales across the province. That steady growth has led to optimism for many cannabis retailers, including five who have made applications to the Alcohol and Gaming Commission of Ontario (AGCO) to open locations in Northumberland County.

While other businesses are struggling during the ongoing COVID-19 pandemic, cannabis retail stores have been seeing increasing sales across the province.

That steady growth has led to optimism for many cannabis retailers, including five who have made applications to the Alcohol and Gaming Commission of Ontario (AGCO) to open locations in Northumberland County.

All these applications are currently “in progress,” including Stash and Co., which is coming to the Pineview Plaza (121 Toronto Rd.) in Port Hope, along with four more in Cobourg.

In addition to the previously reported stores – Local Cannabis at 2 King St. E. and Mary J’s Cannabis at 38 King St. W. – two more applications are now also being considered for the Peace Pipe at 1 King St. E. and Distilled Cannabis Co. at 8 Strathy Rd.

Statistics Canada has released data showing cannabis retail trade sales in Canada from January to October 2020, which show sales increased from just over $154 million in January to more than $270 million by October last year.

Northumberland News spoke with Joe Glynn, chief operating officer at Stash and Co., and Dashy Singh, the co-owner of Mary J’s Cannabis, about their vision for local stores.

“Currently, we have two stores open and a third that should be open within the next month or two, but by this time next year we’re hoping to have 10 to 11 stores,” Glynn said. “I was really surprised to see that there was no applications for Port Hope so I thought it would be a great opportunity for us to get involved.”

He said Stash and Co. is very much a community-based company, and much like their Ottawa area locations, plans to get involved in charity drives and make donations to local causes.

“We are really doing our best to give back to the community and kind of break down the stigma that’s associated with cannabis,” he said.

Once open later this summer, the Port Hope location will employ between 20 to 30 people to start, with more jobs possible in the future, Glynn added.

Read the full article here.

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